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murdoch family voiced his support. nick, tell us, news corp shares are up for the first time in about two weeks. but the independent directors have hired their own lawyer. or why? >> we are getting mixed signals from the board. they have hired lawyers to protect shareholder value and to guard against maybe their own exposure. there have also been some reports that some of the more independent directors are thinking about ways in which rupert murdoch could give up his title of ceo at the company. this is a board that he controls pretty firmly. >> who is on the board? >> is a funny bunch. there are board members that cover a lot of ground. there is an opera singer. quite a range of experience. they are there because he wants them to be. he can control them through loyalty or maybe they spend their entire career there. >> will the board wants him to be succeeded by another? or is it time for someone outside the family? >> i think we can look to the biggest source of the rumors so far that the company's cio 0. if not james
murdoch family voiced his support. nick, tell us, news corp shares are up for the first time in about two weeks. but the independent directors have hired their own lawyer. or why? >> we are getting mixed signals from the board. they have hired lawyers to protect shareholder value and to guard against maybe their own exposure. there have also been some reports that some of the more independent directors are thinking about ways in which rupert murdoch could give up his title of ceo at the...
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Jul 11, 2011
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. >> do you think that james murdoch is going to run the empire? >> i think that was a virtual certainty little more than a week ago. it has been highly doubtful now. i do not actually see how james goes on to run the british side of this business, no less the entire business. >> you suggested that rupert murdoch would sell his british newspapers to contain this crisis. has it come to that, do you think? >> that is what i have heard discussion of pirie whether that is an actual scenario or more likely the panic conversation of executives who really do not know what to do or what is going to happen. i think they are looking at this situation, and it is entirely out of their experience. there is no model year. news corp. has based a lot of crises in its time, but i have never known it to face a crisis like this. >> just give us an insight, as his biographer, as to what you think is going on inside rupert murdoch's head right now. >> i think he is afraid. you know, he is -- he has dealt with many difficult situations in his career, and he has dealt wi
. >> do you think that james murdoch is going to run the empire? >> i think that was a virtual certainty little more than a week ago. it has been highly doubtful now. i do not actually see how james goes on to run the british side of this business, no less the entire business. >> you suggested that rupert murdoch would sell his british newspapers to contain this crisis. has it come to that, do you think? >> that is what i have heard discussion of pirie whether that is an...
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Jul 20, 2011
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what i found fascinating is rupert murdoch spent a lot of his first testimony not being rupert murdoch and being contrite and as the afternoon wore on what you saw was the emergence of very much the 20th century media mogul got more gruff but maybe felt more honest. at one pointthe questioner said rupert murdoch i'm going turn to you since i don't seem to get far with james murdoch and he got more gruff. he steamed to respond in a differt way. james was every bit the picture of a 20th centu corporate polished ceo saying no matter the merit of the question that's a tremendous and terrific question and i appreciate the manner in which it's been asked and his preambles were enormous and the content of the answers were minimal and existing always flattering the questioner. what i liked was the contrast. murdoch was as he said, humbled and i think he was contrite. the measure of the contrition seed to go down toughout the day until we got the pie as some over the internet said that saved news corp. not sure that's right but it was astonishing. >> charlie: and james murdoch to be protective
what i found fascinating is rupert murdoch spent a lot of his first testimony not being rupert murdoch and being contrite and as the afternoon wore on what you saw was the emergence of very much the 20th century media mogul got more gruff but maybe felt more honest. at one pointthe questioner said rupert murdoch i'm going turn to you since i don't seem to get far with james murdoch and he got more gruff. he steamed to respond in a differt way. james was every bit the picture of a 20th centu...
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Jul 7, 2011
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murdoch's executive -- and mr. murdoch's british operations. at some point, he needs to be seen off. >> we have continued fallout from this. they have identified 4000 possible phone hacking victims and hundreds more have contacted them saying that they might have been targeted. we have the latest on the investigation. >> this might have spelled the end to the biggest newspaper. the repercussions of its existence will continue. the police are facing questions. the military was shot by new allegations. hundreds of people might be victims. the police are struggling to cope with calls from people worried that their privacy has been breached. on top of that, the most senior policemen as a separate inquiry. the "news of the world," documents prove that journalists applied his officers' for stories. >> a small number of officers might have engaged in such a practice. that is what it is. i am determined to do what we should do. >> the former upload news of the world," editor told a court that he knew nothing about it. the reaction from campaigning labo
murdoch's executive -- and mr. murdoch's british operations. at some point, he needs to be seen off. >> we have continued fallout from this. they have identified 4000 possible phone hacking victims and hundreds more have contacted them saying that they might have been targeted. we have the latest on the investigation. >> this might have spelled the end to the biggest newspaper. the repercussions of its existence will continue. the police are facing questions. the military was shot...
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Jul 17, 2011
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murdoch had not arrived on the scene. in the 1990's, all of us were titillated by the transcripts of the talk between prince charles and camilla, including a reference to the -- an amusing one to a feminine hygiene product. at the time, nobody was concerned. it was not obtained by a court order that a judge signed, i can assure you. it was the usual british tabloid method of enticement, bribery, treachery, pay off, which has been going on for a century and a half. suddenly, everyone is scandalized. not because of the means, but the target. it involved a girl being kidnapped and the families of dead soldiers. obviously, a complete outrage. targeting very old practices of a tabloid that ever would have known about for 100 years. >> how you trap a prostitute? you why the place and record the conversations. >> there are scholarly treatises on everybody does it that i have ever heard. the reality is the allegations here, they have bought off police, threaten police, and absolutely used every illicit illegal means, and they hav
murdoch had not arrived on the scene. in the 1990's, all of us were titillated by the transcripts of the talk between prince charles and camilla, including a reference to the -- an amusing one to a feminine hygiene product. at the time, nobody was concerned. it was not obtained by a court order that a judge signed, i can assure you. it was the usual british tabloid method of enticement, bribery, treachery, pay off, which has been going on for a century and a half. suddenly, everyone is...
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Jul 10, 2011
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robert m -- rupert murdoch is, if nothing else, decisive. he did exactly the right thing. >> last word. see you next week.
robert m -- rupert murdoch is, if nothing else, decisive. he did exactly the right thing. >> last word. see you next week.
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Jul 13, 2011
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rupert murdoch's news corp. has dropped their bid for bskyb. >> they clearly need to do with the problems that news international. >> 21 people were killed in a financial capital. the fighting continues to rage in libya. colonel gaddafi's forces and the rebels are still in a tug of war. the last few days have brought an incredible reversal of fortune for rupert murdoch's media empire and today can get another blow. bowling to public and political pressure, news corp. withdrew their bid for bskyb. this is in the wake of the hacking scandal. for more on how the deal went, here is the bbc's business editor. >> rupert murdoch, the great news mobile is in the news for what he would see as the wrong reasons. the great humiliations' of his career, the abandonment of his desire to get all of british news broadcasting. "we believe that the acquisition would benefit both companies it has become clear that it is too difficult to progress in this climate." this was the appalling climate for mr. murdoch. >> when such a serio
rupert murdoch's news corp. has dropped their bid for bskyb. >> they clearly need to do with the problems that news international. >> 21 people were killed in a financial capital. the fighting continues to rage in libya. colonel gaddafi's forces and the rebels are still in a tug of war. the last few days have brought an incredible reversal of fortune for rupert murdoch's media empire and today can get another blow. bowling to public and political pressure, news corp. withdrew their...
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could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policeman has officers investigating whether other officers were bribed by journalists. >> a small group of officers may have engaged in these practices. i will determine to do what we should do, and that is proceed to criminal courts. >> a former employee told the court last year as a witness that he knew nothing about payments from the police or to the police. e-mails have been provided the raise serious questions. >> someone from news international is misleading us. he has to answer a perjury charge, and that is very serious. >> tonight, it is reported that he will be
could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policeman has...
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Jul 24, 2011
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everybody needs murdoch's support. i think that eventually this is going to fade away. >> do you remember the phase willful blindness in connection with enron crimes? >> yes. it's looking the other way. >> do you think -- willful blindness will obtain in the case of prosecuting and perhaps convicting rupert? >> they may try. >> and his son. >> they may try. >> willful blind sentence. >> i don't think rupert has any -- hold it. i don't think rupert, as of now has any kind of criminal liability whatsoever. the people have a problem are below him. >> when you have a hot story, the editor, the people above say, how did you get that? it's diagnose to be very difficult to insulate the people at the top if these allegations prove true. >> let's see if we can >> thank you columbia, challenger, discovery, endeavour, and our ship atlantis. thank you for protecting us and bringing this program to such a fitting end. >> before daylight thursday morning, atlantis, the u.s. space shuttle, returned to earth. this landing brings the c
everybody needs murdoch's support. i think that eventually this is going to fade away. >> do you remember the phase willful blindness in connection with enron crimes? >> yes. it's looking the other way. >> do you think -- willful blindness will obtain in the case of prosecuting and perhaps convicting rupert? >> they may try. >> and his son. >> they may try. >> willful blind sentence. >> i don't think rupert has any -- hold it. i don't think...
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Jul 24, 2011
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>> the murdochs were on the defensive and had a lot to defend. i thought their presentation was rather good. i think murdoch -- he runs a company that is unbelievably diverse, and this one paper is a relatively small part of it. i am not surprised, and it is plausible that the committee had a sort of accepted his protestations that he was not aware of all of these shenanigans. what i found really interesting, however, was the way the committee conducted itself. hear, when you have hearings, like the polley north hearings, the inquisitors are on a podium looking down on the defendant there, it was like a british parliament cafeteria meeting. a lot more pointed, less pompous, more effective. >> good review. last word. see you next week. for a transcript of this broadcast, log on to insidewashington.tv.
>> the murdochs were on the defensive and had a lot to defend. i thought their presentation was rather good. i think murdoch -- he runs a company that is unbelievably diverse, and this one paper is a relatively small part of it. i am not surprised, and it is plausible that the committee had a sort of accepted his protestations that he was not aware of all of these shenanigans. what i found really interesting, however, was the way the committee conducted itself. hear, when you have...
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on the other hand, this is a board murdoch controls pretty firmly. it is hard to say what will happen yet. >> who exactly is on the board? >> it is a funny bunch. there are 16 board members. they cover a lot of ground. there is a former head of state and there is an opera singer. there is quite a range of experience. the one thing they all have in common is they are there because murdoch wants them to be. he can control them to their loyalty. maybe they spend their entire career with news corporation. >> to you think the board will what rupert murdoch to be succeeded by another murdoch, or by someone else outside the family? >> that is a a good question. i think we can look to the biggest source of the rumors so far, chase carey, the company co. -- coo. that is somebody who walks a fine line. he is not named murdoch, but he has a hand in glove relationship with rupert. he threads the needle as somebody who is not james or elizabeth murdock, but he is also not so far away from rupert there would be any disruption in the company's operations worldwide.
on the other hand, this is a board murdoch controls pretty firmly. it is hard to say what will happen yet. >> who exactly is on the board? >> it is a funny bunch. there are 16 board members. they cover a lot of ground. there is a former head of state and there is an opera singer. there is quite a range of experience. the one thing they all have in common is they are there because murdoch wants them to be. he can control them to their loyalty. maybe they spend their entire career...
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murdoch and his family. >> if he was to sell or close to u.k. newspapers, would that help the overall business? would that isolate the problem, do you think? >> this is an idea was pitched to news corp. before the scandal because newspapers are slower growing that fox news, the chain will channel -- the cable channel, or the hollywood studios. the idea has always been rejected by rupert murdoch. he loves income and paper. now, it is spoke about much more openly in the company. we are away from that. this would cut off a gangrenous leg of the company but this is a difficult thing to do. >> thank you for joining us with that analysis of the murdoch empire. in russia, president dmitry medvedev has urged that the investigation of all transport services after the sinking of a boat. 10 people are missing and feared dead. this is the worst reaction accident the country has seen in three decades. more than 200 people were on board when i witnesses say the boat keeled over in stormy weather. we have a report from moscow. >> as they broke over the river,
murdoch and his family. >> if he was to sell or close to u.k. newspapers, would that help the overall business? would that isolate the problem, do you think? >> this is an idea was pitched to news corp. before the scandal because newspapers are slower growing that fox news, the chain will channel -- the cable channel, or the hollywood studios. the idea has always been rejected by rupert murdoch. he loves income and paper. now, it is spoke about much more openly in the company. we...
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Jul 19, 2011
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for one day, it was a pretty good day for the murdoch's. >> could james murdoch be the heir apparent? >> 1 said that if james murdoch had done particularly badly, it would have hurt his possibility of taking over as ceo. he seems to be taking charge during this session and it did not heard him. -- did not hurt him. any day they are not hurt is a good day. >> do you see long-term reputation damaged to the company, regardless of what happens with these institutions? >> i have been tried to ponder how you measure that damage. people will still flock to see 20 century fox movies and to buy the wall street journal's. in the short-term, clearly there is a stain on the u.k. newspaper operations. there was an attempt to contain the damage. >> there is an fbi investigations into the phone hacking and a traditional inquiry and a police investigation on the other side of the atlantic. these will be very problematic. >> if they do will arrive, they would be. it is hard to believe we would get to that point. there is no evidence that any victims of 9/11 had their phone hacked. other government reg
for one day, it was a pretty good day for the murdoch's. >> could james murdoch be the heir apparent? >> 1 said that if james murdoch had done particularly badly, it would have hurt his possibility of taking over as ceo. he seems to be taking charge during this session and it did not heard him. -- did not hurt him. any day they are not hurt is a good day. >> do you see long-term reputation damaged to the company, regardless of what happens with these institutions? >> i...
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. >> what about james murdoch? >> he put it in a controlled performance using words extremely carefully. he was very well coached. he had very careful legal advice. he said nothing that you could point to and say that he knew what was going on. he was in a lot of difficulty particularly about signing the check for a million pounds. he maintained that he had no idea that part of the evidence in this case was that there was more "and use of the world," journalist involved. -- a news of the world," journalists involved. >> this is a day of parliamentary theater. did you find out anything that you did not know before? >> we found out that -- has an awesome right hook. i don't think it was a day for great forensic discovery. one of the most interesting things that emerged were in another room when some of the former senior policeman in all were testifying to the mps. we've learned some subtle but quite significant things, perhaps the most striking of which was that david cameron's chief of staff had declined a briefing
. >> what about james murdoch? >> he put it in a controlled performance using words extremely carefully. he was very well coached. he had very careful legal advice. he said nothing that you could point to and say that he knew what was going on. he was in a lot of difficulty particularly about signing the check for a million pounds. he maintained that he had no idea that part of the evidence in this case was that there was more "and use of the world," journalist involved....
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Jul 16, 2011
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, murdoch and brooks on tuesday? >> i can tell you today is not the end of the story, the resignation of rebecca brooks, and tuesday probably won't be either this is a story which will run for mons if not years with police investigations, judicial inquiries, lawsuits and any number of other threats still piling up against the compan but it's a significant day. i think over the last two weeks we've seen a series of attempts by rupert murdoch and his closest counselors to take the pressure off, since the allegations first exploded that the news of the world had authorized the accessing of the- - missing teenager who turned out to be rdered mile dowler. in is exploded in the public mind in britain and has spread around the world affecting even u.s. investors perceptions of the wider pire which goes so much widethan these british newspapers. through that period, rupert murdoch and his son james seemed absolutely determined to stand by rebecca brooks, there are very few people in this company who are cler to rupert and th
, murdoch and brooks on tuesday? >> i can tell you today is not the end of the story, the resignation of rebecca brooks, and tuesday probably won't be either this is a story which will run for mons if not years with police investigations, judicial inquiries, lawsuits and any number of other threats still piling up against the compan but it's a significant day. i think over the last two weeks we've seen a series of attempts by rupert murdoch and his closest counselors to take the pressure...
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Jul 14, 2011
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the fbi has opened an investigation into allegations that murdoch's news corp. saw to hack into the phones of september 11 victims. we start tonight's coverage with this report from our deputy political editor. >> parliament has costumed the news of the -- to answer the questions of the mp's of why so many were hacked. >> my message to rebekah brooks is do the decent thing. it cannot hide away from this level of public english. >> they were reluctant witnesses. they told the committee he could not attend the future session. james murdock said he could not come. rebekah brooks said chiappone -- welcome the opportunity to do so but would not discuss anything that relates to the ongoing police investigation. the talk was of a formal summons. the threat had worked. they change their minds but they would now be coming to answer m.p.'s questions. in the second letter, james murdock said we're running to confirm our attendance by -- and concerned where are asked to yet answer further questions in a form on top of the judge let inquiry and the police investigation. what
the fbi has opened an investigation into allegations that murdoch's news corp. saw to hack into the phones of september 11 victims. we start tonight's coverage with this report from our deputy political editor. >> parliament has costumed the news of the -- to answer the questions of the mp's of why so many were hacked. >> my message to rebekah brooks is do the decent thing. it cannot hide away from this level of public english. >> they were reluctant witnesses. they told the...
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Jul 15, 2011
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james murdoch thanked ms. brooks for her service. he said we support her as we takes the step to clear her name. >> one of the more vocal critics referred to her desire to remain on the bridge. >> she now says she likes to be on the bridge. i would not have liked her to be on the bridge. that is why she has gone, thank god. >> this afternoon, rupert murdoch acted to underline the apology offered by his former chief executive. he traveled to meet the family who lost their daughter and are among the alleged targets of the phone hacking. the shock expressed by her parents and sister has fuelled a sense of national outrage. >> mr. murdoch emerged after an hour to a barrage of questions. his lawyer eventually gave details of the conversation. >> he was humbled to give a full and sincere apology to the dowler family. we told him, the family told him, that his papers should lead the way to set the standard of honesty and decency in the field. >> tomorrow, rupert murdoch's signature will appear on an apology and everyone of their papers. he
james murdoch thanked ms. brooks for her service. he said we support her as we takes the step to clear her name. >> one of the more vocal critics referred to her desire to remain on the bridge. >> she now says she likes to be on the bridge. i would not have liked her to be on the bridge. that is why she has gone, thank god. >> this afternoon, rupert murdoch acted to underline the apology offered by his former chief executive. he traveled to meet the family who lost their...
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murdoch's conglomerate may now face more scrutiny. virginia senator jay rockefeller wants a government investigation of newscorp's operations in the u.s. murdoch presides over a $32 billion media and entertainment empire. it owns prestigious names like hollywood film studio 20th century fox, fox news channel, the "wall street journal," the "new york post" and many british newspapers, including the "sunday times." joining us now, porter bibb, managing partner of media tech capital, a media investment firm in new york. >> susie: hi, porter, nice to have you with us. >> great to be here, susie. >> porter, it cements like every other day there's an announcement of a business or merger or take over that the news corp is abandoning. how is this saga going to play out in just a matter of time before news corp breaks >> well i don't think news corp itself is going to be broken up or even slowed down very much by the tsunami of social public outcry, political outcry and probably legal outcry that is being launched against some of the managers
murdoch's conglomerate may now face more scrutiny. virginia senator jay rockefeller wants a government investigation of newscorp's operations in the u.s. murdoch presides over a $32 billion media and entertainment empire. it owns prestigious names like hollywood film studio 20th century fox, fox news channel, the "wall street journal," the "new york post" and many british newspapers, including the "sunday times." joining us now, porter bibb, managing partner of...
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Jul 15, 2011
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this afternoon, rupert murdoch acted to underline -- >> this afternoon are rupert murdoch acted to underline her actions, traveling to see his daughter. -- to see the family of and the daughter that was the victim that has sparked this outrage. >> it was a private meeting. i was appalled to find out what had happened. that is why i went there to apologize. >> this solicitor's vote for the family. >> he was humbled to give -- spoke for the family. >> he was humbled to give a full and sincere apology to the family. the dollar family told him -- dowler family told him that his paper should lead the way to set the standard for honesty and decency, and not what has gone before. >> tomorrow, rupert murdoch's signature will appear on a further apology in every one of the u.k. papers. the news of the world was in the business of holding others to account, he said, and it failed when it came to itself. rebecca brooks may have left the bridge, but her role in this forthcoming story will ensure she remains in the headlines. the fallout continues on both sides -- >> the fallout continues on both sides o
this afternoon, rupert murdoch acted to underline -- >> this afternoon are rupert murdoch acted to underline her actions, traveling to see his daughter. -- to see the family of and the daughter that was the victim that has sparked this outrage. >> it was a private meeting. i was appalled to find out what had happened. that is why i went there to apologize. >> this solicitor's vote for the family. >> he was humbled to give -- spoke for the family. >> he was humbled...
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too scared to confront the murdoch empire? >> a british company could not go and buy anything more than 20%, he has 30% of british sky. it is been argued that he has far too much power and they assume that his papers decide whether they will become the prime minister or the next government. that is totally unacceptable. >> it was your former boss who was one of the first to cozy up to rupert murdoch. >> if you ask him, and you can ask gordon brown. they used to be played up funny enough by rebecca brooks. they have far too much influence and they have produced this kind of scandal and it must top. >> are you confident that this will stop now that the public is so outraged by who else has been hacked? >> the public is rightfully outraged by this. there is a failure by the commission. the police have been cozying up. you can be assured that parliament would like a piece of this and across the party lines. we have to do something about the media moguls like mr. murdoch who are saying that everything will be adjusted by rebecca br
too scared to confront the murdoch empire? >> a british company could not go and buy anything more than 20%, he has 30% of british sky. it is been argued that he has far too much power and they assume that his papers decide whether they will become the prime minister or the next government. that is totally unacceptable. >> it was your former boss who was one of the first to cozy up to rupert murdoch. >> if you ask him, and you can ask gordon brown. they used to be played up...
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murdoch was the news and continues to be the news. the owner of the news corp, a $32 billion media con gone rat, is in the eye of a whirl storm. the rap is hacking. murdoch's journalists have been hacking into the cell phones apparently of the owners and users of those phones. police reports say there could be as many as 4,000 victims. murdoch's journalists also invaded confidential medical records, one of those victims is the former prime minister of the united kingdom gordon brown. two of his newspapers reveal private medical records of the son of gordon brown and the young boy's history of cystic fibrosis, which his mother and father were treating as a family matter. >> i can't think of any way that medical condition of a child could be put into the public arena legitimately. >> the international uproar over murdoch's newspaper hacking killed a pending murdoch broadcasting deal, namely, to purchase british sky broadcasting a deal valued at $12 billion. the sitting uk prime minister and the british public sidelined the planned merge
murdoch was the news and continues to be the news. the owner of the news corp, a $32 billion media con gone rat, is in the eye of a whirl storm. the rap is hacking. murdoch's journalists have been hacking into the cell phones apparently of the owners and users of those phones. police reports say there could be as many as 4,000 victims. murdoch's journalists also invaded confidential medical records, one of those victims is the former prime minister of the united kingdom gordon brown. two of his...
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Jul 18, 2011
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murdoch a bit of a break. there has always been a bit of a murdoch discount thinking he is going to do what he wants to do and do not always what is best for shareholders. they've given him a break because he has a good view long- term of where the company is going. now he and his management team look like a group that is not in front of the news. they continue to get hammered by events. they are not prepared for it. they're constantly reacting. i think shareholders will want to see that the worst is behind them and they have their arms around this and know where it will go from here. >> is there any threat to the murdochs themselves? are their personal reputations so damaged it is now a liability for management? >> there is a possibility that is the case. the board of directors felt like the information flow from management to the board has not been good. it has not been of high quality. it has not been in the quantity they want. they do not feel like they're getting accurate statements from management. they'
murdoch a bit of a break. there has always been a bit of a murdoch discount thinking he is going to do what he wants to do and do not always what is best for shareholders. they've given him a break because he has a good view long- term of where the company is going. now he and his management team look like a group that is not in front of the news. they continue to get hammered by events. they are not prepared for it. they're constantly reacting. i think shareholders will want to see that the...
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murdoch. days ago he closed the "news of the world" because his reputation was so tarnished by the allegations. tended his ago, we found out about the alleged hacking of the phone of the murder teenager in the phone of the parent of a stone victim and the families of seven victims that had been invaded, along with other shocking revelations. >> this is a victory for people up and down this country who have been appalled by the revelations about phone hacking. it is beyond belief that mr. murdoch could win this -- could expand his stake in the british media while this going on. >> rupert murdoch won a to increase its ownership of bskyb from 39% to 100%, because he would have had access to the vast amount of cash generated by the u.k.'s biggest tv business. in the past, bskyb's profits were around 1 billion pounds, which would have been useful to mr. murdoch at a time when his british newspapers have been struggling to maintain revenues. as for bskyb other shareholders, they have also paid a big
murdoch. days ago he closed the "news of the world" because his reputation was so tarnished by the allegations. tended his ago, we found out about the alleged hacking of the phone of the murder teenager in the phone of the parent of a stone victim and the families of seven victims that had been invaded, along with other shocking revelations. >> this is a victory for people up and down this country who have been appalled by the revelations about phone hacking. it is beyond belief...
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Jul 20, 2011
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rupert murdoch and his son james testified before parliament. a comedian stormed toward the senior murdoch, trying to hit him with a shaving cream pie. he wasn't hurt. both murdochs offered a string of apologies for the telephone hacking scandal that has engulfed their company, causing them to shut down their british tabloid "news of the world." >> this is the most humble day of my life. >> it's a mattered of great regret. mine, my father's and everyone at the news corporation. these do not live up to the standards that our company aspires to everywhere around the world. >> susie: despite the apologies, rupert murdoch said he would not step down as c.e.o., saying "i'm the best person to clean this up." shares of newscorp moved higher during the testimony. they finished the day up 5%, closing at 15.79. >> tom: very activelyl traded, really a broad rally today. let's take a look at tonight's market focus. stocks saw strong buying throughout the day thanks to earnings, thanks to positive housing numbers and hope for movement toward a deal on the de
rupert murdoch and his son james testified before parliament. a comedian stormed toward the senior murdoch, trying to hit him with a shaving cream pie. he wasn't hurt. both murdochs offered a string of apologies for the telephone hacking scandal that has engulfed their company, causing them to shut down their british tabloid "news of the world." >> this is the most humble day of my life. >> it's a mattered of great regret. mine, my father's and everyone at the news...
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Jul 6, 2011
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murdoch called it an acceptable. that was nothing compared to the reaction of parliament, who found the families of london bombing victims may have been targeted. >> there was worse to come. ministers warned their phones may have been hacked on behalf of "news of the world," the families of those whose loved ones were blown apart on 7/7. >> my mind went back to 2005 and the emotional turmoil and state we were in. it is a violation, isn't it? >> on the list of possible targets -- the parents of holly and jessica, who died. and of course, millie, whose parents were given false hope she was still alive when her voice messages were deleted after her phone was allegedly attacked by a private investigator. -- hacked by a private investigator. the premise -- prime minister returned from afghanistan to learn of the brewing storm. >> we need inquiries into what has happened. we are no longer talking about politicians and celebrities. we are talking about murder victims, potentially terrorist victims, having their phones hacke
murdoch called it an acceptable. that was nothing compared to the reaction of parliament, who found the families of london bombing victims may have been targeted. >> there was worse to come. ministers warned their phones may have been hacked on behalf of "news of the world," the families of those whose loved ones were blown apart on 7/7. >> my mind went back to 2005 and the emotional turmoil and state we were in. it is a violation, isn't it? >> on the list of...
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. >> tom: still ahead, the murdoch mess. ruper murdoch's newscorp is under scrutiny for questionable journalism on both sides of the atlantic, but we'll talk to an analyst who still likes the stock. >> susie: government debt worries put investors in a selling mood. at the close, the dow lost 94 points, the nasdaq fell nearly 25 and the s&p 500 off almost 11. as for volume, 871 million shares were traded here at the big board and just shy of 1.8 billion at the nasdaq. meanwhile, all that glitters is gold. the yellow metal closed above $1,600 for the first time. ever. gold for august delivery settled at $1,602 an ounce, up $12. that's a record in dollar terms, but below the peak reached in the 1980s, after accounting for inflation. >> susie: big layoffs announced late today at cisco systems. it will layoff 6,500 workers, or about 9% of its full time workforce. analysts predicted thousands of job cuts after cisco announced plans to reorganize in may. the company had been losing ground in the network equipment business. cisco sa
. >> tom: still ahead, the murdoch mess. ruper murdoch's newscorp is under scrutiny for questionable journalism on both sides of the atlantic, but we'll talk to an analyst who still likes the stock. >> susie: government debt worries put investors in a selling mood. at the close, the dow lost 94 points, the nasdaq fell nearly 25 and the s&p 500 off almost 11. as for volume, 871 million shares were traded here at the big board and just shy of 1.8 billion at the nasdaq. meanwhile,...
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. >> tom: the scandal surrounding rupert murdoch's newscorp has spread to the u.s. the f.b.i. has opened an investigation into whether murdoch newspapers targeted the phones of 9/11 victims. it comes as rupert murdoch and his son, james, have agreed to testify before a british parliamentary panel. next week, the group will look into phone hacking and bribery by employees of newscorp's british newspaper empire. today, rupert murdoch says his company will recover from any fallout. >> susie: small businesses are often called the engine of the nation's economy. that's why tonight's commentator believes it's key to teach the nation's kids to think like entrepreneurs. with tonight's "kids and cash," here's jack harris, president of junior achievement of georgia. >> for generations, we've been taught to believe in the american dream-- owning a house, buying a car, living the good life. but this generation of kids could be the first that might not do better financially than their parents. that's why it's so important to teach business to children at a young age. at junior achievement,
. >> tom: the scandal surrounding rupert murdoch's newscorp has spread to the u.s. the f.b.i. has opened an investigation into whether murdoch newspapers targeted the phones of 9/11 victims. it comes as rupert murdoch and his son, james, have agreed to testify before a british parliamentary panel. next week, the group will look into phone hacking and bribery by employees of newscorp's british newspaper empire. today, rupert murdoch says his company will recover from any fallout. >>...
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murdoch needed things from them. that never needed to be stated but everyone understood that that was hanging in the air and that's what this judicial inquiry has to get to the bottom of. >> i think murdoch's control of 37% of the britishress plus b sky b led to this conviction from tony blair to cameron that you had to have murdoch on your side. and, you know, when you're in britain you don't feel murdoch's running the show. i mean, you can read "the guardian," you can read t telegraph, you can read t daily expres you can read the f.t. but i just wonder but blair, i'm sure, would have won the election in 1997 without murdoch. it was the end of the toris just as it was the end of new labor in 2010. murdoch had his finger in the wind and he went with these guys but i don't myself bieve e elections uld have come out any differently withou so i think there was a kind of mythology that hadbuilt up. we have to have murdoch with us. and now it's the opposite. we have to trash him. >> rose: john burns, how much has been has
murdoch needed things from them. that never needed to be stated but everyone understood that that was hanging in the air and that's what this judicial inquiry has to get to the bottom of. >> i think murdoch's control of 37% of the britishress plus b sky b led to this conviction from tony blair to cameron that you had to have murdoch on your side. and, you know, when you're in britain you don't feel murdoch's running the show. i mean, you can read "the guardian," you can read t...
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the murdochs seemed to be walking a line. they're saying they're hands-on executives who run a huge business but they don't know everything that is going on. they didn't know a lot of particulars here. how does that jibe with what's known about the way they formed and run their business? >> well, i think what they were doing was portraying themselves as capable executives and capable managers who nonetheless didn't know some of the operational details that... it doesn't quite jibe with what we know about particularly rupert murdoch, his love of newspapers although the company's future is really in media and entertainment and television. you know, he came up through newspapers that ink runs in his veins. he's known for calling up editors and suggesting new tips or even change in the headlines. when he first acquired the wall street journal he's said to enjoy prowling the news room and being invigorated by it. the idea he had no idea, its is possible. it is as he said, you know, that the news of the world less than 1% of his me
the murdochs seemed to be walking a line. they're saying they're hands-on executives who run a huge business but they don't know everything that is going on. they didn't know a lot of particulars here. how does that jibe with what's known about the way they formed and run their business? >> well, i think what they were doing was portraying themselves as capable executives and capable managers who nonetheless didn't know some of the operational details that... it doesn't quite jibe with...
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. >> tomorrow the murdoches, both depearge and son, face cross questioning in the commons. the hacking headlines just keep on coming. nick robinson, bbc news, westminster. >> well, as we mentioned on top of all of these developments the, whacele blower who reported for "news of the world" and alleged widespread hacking has been found dead on his home in england. for more on that part of the story, we can go on the bbc's katherine downs in london. katherine, what was shawn hall's role in all of this. >> he was the first journalist where he could publicly speak out about "news of the world" hacking and that andy knew all about the practice. shawn hall had known him about 13 or 14 years. he said they had a good relationship and he said in fact he moved in order to fwork andy as when he took over as "news of the world" editor, a position he described as disciplined and ruthless. he first said andy coulson knew people were hacking on people's phones. in an interview he had with "the new york times" and last year in an interview with radio four, he spoke about the culture of dark
. >> tomorrow the murdoches, both depearge and son, face cross questioning in the commons. the hacking headlines just keep on coming. nick robinson, bbc news, westminster. >> well, as we mentioned on top of all of these developments the, whacele blower who reported for "news of the world" and alleged widespread hacking has been found dead on his home in england. for more on that part of the story, we can go on the bbc's katherine downs in london. katherine, what was shawn...
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we start with a report from gary gibbon of "independent television news." >> reporter: rupert murdoch flew the prime minister postponed parliament's summer break by a day to try to re-establish his own standing with a statement and debate. after two weeks of resisting pressure for a full-scale apology for hiring andy coulson david cameron edged towards one and he said people would hear the full genuine article if andy coulson was found to have lied. >> i have an old fashioned view about innocent until proven guilty. but if it turns out i've been lied to that would be a moment for a profound apology. and in that event i can tell you i will not fall short. people will of course make judgements about it. of course i regret and i am extremely sorry about the furore it has caused with 20/20 hindsight and all that has followed i would not have offered him the job and i expect that he would not have taken it. but you don't make decisions in hindsight. you make them in the present. you live and you learn, and believe you me i have learnt. >> that isn't good enough. because people, people, it'
we start with a report from gary gibbon of "independent television news." >> reporter: rupert murdoch flew the prime minister postponed parliament's summer break by a day to try to re-establish his own standing with a statement and debate. after two weeks of resisting pressure for a full-scale apology for hiring andy coulson david cameron edged towards one and he said people would hear the full genuine article if andy coulson was found to have lied. >> i have an old...
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i don't know when, i don't know how quickly, but rupert murdoch did ok like a spent force. james, i've heard quite divided responses on how h performed. if i re a shareholder, i wouldn't be too happy about him. i thought that -- that he was -- he seemed evasive and repetitive, which to be fair to him i think when he weing asked also repetiti questions, in that surroundingt wasn't very surprising, but he wasn't -- he dn't -- he didn't rely, i think, equate himlf thnough honor to assure the succession. so i'm rather thinking that this is the beginning of the end of an era. >> the judgment is still out on that. i think that it took about an hour for rupert murdoch, who really is a -- as we know a formidable figure -- to at least wake up or at least become engaged. i think heook some time to adjust to the fact that there he was, being pummeled, having questions asked of him. that's not the role he's accustomed of. he's normally chairman, in charge, asking the questions. so that was a little bit of a psychological shock. he did look detached, rd of hearing, sewhat vulnerableif y
i don't know when, i don't know how quickly, but rupert murdoch did ok like a spent force. james, i've heard quite divided responses on how h performed. if i re a shareholder, i wouldn't be too happy about him. i thought that -- that he was -- he seemed evasive and repetitive, which to be fair to him i think when he weing asked also repetiti questions, in that surroundingt wasn't very surprising, but he wasn't -- he dn't -- he didn't rely, i think, equate himlf thnough honor to assure the...
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. >> for years, the "news of the world," britain's top-selling sunday tabloid and part of rupert murdoch's global media empire, has been afflicted by claims of phone hacking. david cameron expressed his shock that the phone of a girl who was murdered years ago was hacked into by a "news of the world" correspondent. >> the scandal has been growing and growing as more and more people learned that their phones had been hacked. now, a much more serious allegation has shocked the country. 13-year-old 2 went missing -- 13-year-old milly dowler went missing. there were allegations that "news of the world" packed into her phone and that some messages might have been deleted in that act. >> if these allegations are true, this is a dreadful act, a dreadful situation. what i have read in the papers is quite shocking -- that someone could do this -- while knowing that the police were trying to find this person and find out what had happened. >> there is more pressure on the prime minister's friend, rebekah brooks, chief executive of news international in the u.k., editor at "news of the world" when mi
. >> for years, the "news of the world," britain's top-selling sunday tabloid and part of rupert murdoch's global media empire, has been afflicted by claims of phone hacking. david cameron expressed his shock that the phone of a girl who was murdered years ago was hacked into by a "news of the world" correspondent. >> the scandal has been growing and growing as more and more people learned that their phones had been hacked. now, a much more serious allegation has...
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the rupert murdoch media conglomerate has closed the paper. and it delayed efforts today to take over another company, british sky broadcasting or, b- sky-b. we have a report from gary gibbon of "independent television news." >> reporter: gordon brown wooed the murdoch empire like the best of them. but they turned on him, backing david cameron in the last election. today, he turned on them. gordon brown believes his phone and that of his wife may have been hacked into by the "news of the world." he believes someone working on behalf of the "sunday times" accessed his bank account and he believes his son's medical records were obtained by the "sun" newspaper. >> that they had information that fraser had cystic fibrosis which was a matter that they the family were just getting their heads around at the time and dealing with. >> reporter: it was a fast moving day of swirling allegations, political and corporate positioning. amongst the allegations, it was suggested that royal protection officers in the police force had sold confidential royal num
the rupert murdoch media conglomerate has closed the paper. and it delayed efforts today to take over another company, british sky broadcasting or, b- sky-b. we have a report from gary gibbon of "independent television news." >> reporter: gordon brown wooed the murdoch empire like the best of them. but they turned on him, backing david cameron in the last election. today, he turned on them. gordon brown believes his phone and that of his wife may have been hacked into by the...
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murdoch, these two go back 50 years. but there is no way this wasn't going to happen. >> now what about the relationship between hinton and rebek-- rebekah brooks, does this mean perhaps they were much closer and they knew these things were happening? >>. >> i don't think we know that and i don't think these developments really tell us much about that. it's-- yeah, they certainly overlapped when rebekah brooks was running news of the world and mr. hinton was overseeing all of the british papers. but the question of course is you know, is how do they not know about it or shouldn't they have known about it. but you know, hinton in his statement was very emphatic that it was in good faith that he twice told parliament that this was the work of one person and he said pointedly that he thought that the rot was gone when he left to come to the u.s. to run dow jones and the "the wall street journal". >> rem reider, thanks so much for your time. >> it's my pleasure, thanks. >> sreenivasan: in syria today, huge crowds of proteste
murdoch, these two go back 50 years. but there is no way this wasn't going to happen. >> now what about the relationship between hinton and rebek-- rebekah brooks, does this mean perhaps they were much closer and they knew these things were happening? >>. >> i don't think we know that and i don't think these developments really tell us much about that. it's-- yeah, they certainly overlapped when rebekah brooks was running news of the world and mr. hinton was overseeing all of...
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murdoch makes no secret of the use of his numbs for his political affiliation. for many years from 19 the 7 onward he backed the labor party, especially under tony wlar and a couple of years ago he switched and he put the force of his paces behind the conservative party. but then british newspapers are more partisan than american newspapers. this is more common. but yes, it is quite -- murdoch is a powerful figure in british politics because of that. however, as a result of this, i think he is a damaged figure and he will probably be less powerful as a result. >> so he is trying to acquire the parts of a major satellite network, bskyb that he doesn't already own. that has to be reviewed by the british government. is that acquisition in trouble now? >> it certainly is. shares in bskyb dropped i think more than 10% this week over concerns that that deal might be delayed and in fact may not happen. there was an open comment period where everyone was going to have a chance to comment on the upcoming deal and that was supposed to end on friday. given the revelations
murdoch makes no secret of the use of his numbs for his political affiliation. for many years from 19 the 7 onward he backed the labor party, especially under tony wlar and a couple of years ago he switched and he put the force of his paces behind the conservative party. but then british newspapers are more partisan than american newspapers. this is more common. but yes, it is quite -- murdoch is a powerful figure in british politics because of that. however, as a result of this, i think he is...